06 September 2012
Company A received a share application money in 2008-09 of Rs. 500 Lacs. the same stand in the balance as on 31.03.2012.
Company still not allocated the shares to the shapre applicants. What is the statutory time frame to allotement of shares. and whats the panalty on the same.
06 September 2012
its pvt ltd company 100% holding by one foreign company. The company not allotted the shares before 31.3.2012 and not before audit report.
the company does not have reason of not allotment of shares.
Kindly let me know what qualification put by the auditor of the company